Finance

A wide variety of two candlestick patterns can signal the end of a downtrend or uptrend. Many traders are known for catching the reverse trend, trying to pick a top or bottom of a trending move. This article explains, what the bullish and bearish engulfing candlestick patterns are, how to recognise reversal in a trading environment that give rise to the pattern and when it has … [Read more...] about How to identify Bullish and Bearish Engulfing Candlestick Patterns

A hammer candlestick is a pattern that forms at the end of a downtrend and suggests a possible trend reversal to an uptrend. This pattern has a long lower shadow (at least twice the size of the real body) and a very short or non-existent upper shadow. The real body, which can be either red or green, represents the difference between the opening and closing prices. A green … [Read more...] about How to Trade Hammer and Hanging Man Candlestick Patterns: A Comprehensive Guide

One of the most common technical tools used to track the movement of stocks or securities are the candlestick patterns. Shooting star, hammer, hanging man and inverted hammer candlestick patterns spotted after a sharp rally or decline, can be considered as the most important pattern for trend reversal. These single candlestick patterns can help you a lot to spot a … [Read more...] about Shooting Star and Inverted Hammer Candlestick Pattern explained

Spinning Top candlestick patterns provide valuable supporting information to a trading strategy. It indicates uncertainty in the market. You may get a spinning top candlestick pattern within an uptrend, downtrend and/or consolidation signifying possible reversals.Spinning tops is a form of candlestick pattern that have similarly sized upper and lower wicks that are usually … [Read more...] about How to trade Spinning Top Candlestick Pattern